Interest Guru

Weekly update

Mortgage rates, week of January 23, 2025

The 30-year fixed averaged 6.96%, down 0.08 points from last week.

Average mortgage rates, 52 weeks to 2025-01-23Weekly Freddie Mac averages. The 30-year fixed was 6.96% in the week of 2025-01-23.5.5%6.0%6.5%7.0%7.5%Jan 202530-year 6.96%15-year 6.16%
30-year fixed
6.96%
15-year fixed
6.16%
10-year Treasury
4.65%
Spread
2.31

The numbers behind the week

  • The 15-year fixed averaged 6.16%, down 0.11 points.
  • Between the two readings the 10-year Treasury yield rose 0.04 points and the gap between it and the mortgage rate narrowed 0.12 points. Together those make up the 0.08-point move.
  • Four weeks ago the 30-year average was 6.85%.
  • Over the past 52 weeks the 30-year average has ranged from 6.60% to 7.04%.
  • The spread over the 10-year Treasury is 2.31 points, against an average of 2.37 across the history on this site.
Change from the previous week
Change from January 16, 2025Points
10-year Treasury yield+0.04
Spread over the Treasury-0.12
30-year mortgage rate-0.08

Each mortgage average is compared with the most recent daily Treasury yield on or before its date, so the split is approximate. The Treasury spread page explains the gap.